<p>Ripple CEO Brad Garlinghouse recently shared a video on Twitter to announce that his company’s long-running legal battle with the Securities and Exchange Commission (SEC) was finally coming to an end. However, rather than feeling sorry for the failure, Garlinghouse emphasized that the case only marks the beginning of a wider struggle for the cryptocurrency industry and the need for regulatory clarity.</p> 
<h2 id="the-disappointing-conclusion-of-the-ripple-case-brad-garlinghouse-denounces-the-sec-s-bad-faith">The disappointing conclusion of the Ripple case: Brad Garlinghouse denounces the SEC’s bad faith</h2> 
<p><a href="https://www.cointribune.com/la-riposte-de-ripple-face-a-la-sec/" target="_blank" rel="noreferrer noopener">The case between Ripple and the SEC</a> goes back to December 2020, when the SEC filed a lawsuit against Ripple, alleging that the sale of XRP, Ripple’s crypto, violated U.S. securities laws.</p>
<div class="my-4">
 <div class="ads "> 
 </div> 
</div> 
<p>Since then, Ripple has engaged in a fierce legal battle to defend itself against these charges, challenging in particular XRP’s classification as a security. This battle has lasted almost two and a half years.</p> 
<p>On Friday, June 16, in a video posted on Twitter, Ripple CEO Brad Garlinghouse <a href="https://twitter.com/bgarlinghouse/status/1669805367688331267?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1669805367688331267%7Ctwgr%5E8e59f4133202b5e0c633a8e3021360ce8caeb78a%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fripple-ceo-brad-garlinghouse-fight-for-clarity" target="_blank" rel="noreferrer noopener">announced</a> that the Ripple case was finally coming to an end. However, the results don’t seem to be living up to expectations, which has left Brad deeply disappointed.</p> 
<p>In his video, Garlinghouse didn’t hold back, sharply criticizing the SEC’s actions and calling them “bad faith, pure and simple”. According to him, the <a href="https://www.cointribune.com/ripple-vs-sec-les-fameux-documents-de-hinman-devoiles-le-pdg-de-ripple-decu/" target="_blank" rel="noreferrer noopener">Hinman documents</a>, made public on June 13, suggest that the SEC has deliberately sown confusion regarding the rules that should govern cryptocurrencies.</p> 
<p>In addition, Garlinghouse was keen to stress that he had exhaustively answered all the questions raised by the SEC even before the complaint was filed. Never had it been suggested to him that XRP would be considered a security.</p> 
<figure class="wp-block-image size-full">
 <img decoding="async" width="595" height="554" src="https://www.cointribune.com/app/uploads/2023/06/image-74.png" alt="Twitter screenshot of Brad, CEO of Ripple" class="wp-image-610452" srcset="https://www.cointribune.com/app/uploads/2023/06/image-74.png 595w, https://www.cointribune.com/app/uploads/2023/06/image-74-300x279.png 300w" sizes="(max-width: 595px) 100vw, 595px">
</figure> 
<h2 id="the-fight-for-regulatory-clarity-must-go-on">The fight for regulatory clarity must go on</h2> 
<p>In his statements, Brad also accuses the SEC of seeking to stifle innovation as well as the cryptocurrency industry in the US. According to him, the confusion deliberately fostered by the SEC has harmed not only Ripple, but also the entire cryptocurrency sector, which needs regulatory clarity to develop in a healthy and responsible manner.</p> 
<p>Ultimately, regulatory clarity and consistency are essential to foster the development and growth of the <a href="https://www.cointribune.com/reglementation-crypto-brumeuse-aux-etats-unis-ripple-change-de-continent/" target="_blank" rel="noreferrer noopener">crypto industry</a>. Although the Ripple affair ended in disappointment, Brad Garlinghouse insists that the quest for clarity must continue.</p>

The Ripple case ends, but battle for regulatory clarity goes on

목차

Cointribune EN

2023년 6월 20일에 게재된 다른 기사

Whales Move 21 Billion SHIB to Top Exchange After 10% Weekly Price Surge

ZachXBT receives threats in the midst of preparing for the legal battle against MachiBigBrother

NFTfi Launches Earn Season 1: Promoting Responsible NFT Lending

Binance to Support Major Terra Classic Upgrade to Bring LUNC to Parity

Death Cross Alert in Popular Altcoin Among Turks! How Will The Price Be Affected?

Phenomenon Accused of Human Trafficking and Rape Requested to Seize Bitcoins!

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!